Everyone ready for another exciting week?

Watch this bullish ABCD here. But I'd sure like to see that VWAP the ZH article showed.

Watch this 55.25 very closely. That might be it.

Sometimes the read is so easy there are no words to describe it...

Okay, anything I said about yesterday being narrow range and somewhat boring, well, today made up for that tenfold. What a day.

So, overhead I have around 67-low 70's, and then the super-key area around 1395-1400, but it may be as early as 90. I have a time factor for the latter area of say close of Thursday to Sunday night into the start of Monday (midnight). I can't imagine it won't shoot for that area, but in doing so it would violate the next area, and that has some chance of this heading for new highs if it does. It's not a done deal, but it surely increases the odds of that, and you know that would p#%& me off even if I was long.

And yes, this could have been a final 'retest' of this 56-60 area today, off that EXP ABCD, and down it goes. It could happen. I'm ready for it. I'm dreaming it will happen, wishing, hoping. But I'm not holding my breath. I'm not expecting anything but upside from these maniacs. But, I'm still staying alert for a dump, on the outside chance that I get what I want. How often does that happen...

What does that translate to in spy terms? That 30 minute chart I posted earlier sure looked like a new high was in store

Originally posted by jimkane

So, overhead I have around 67-low 70's, and then the super-key area around 1395-1400, but it may be as early as 90. I have a time factor for the latter area of say close of Thursday to Sunday night into the start of Monday (midnight). I can't imagine it won't shoot for that area, but in doing so it would violate the next area, and that has some chance of this heading for new highs if it does. It's not a done deal, but it surely increases the odds of that, and you know would p#%& me off even if I was long.

137.25-137.75 and 140.00-140.60, and if it only reaches 1390 then 139.50, but this is an approximation.

Keep a close eye on this 53 area here, it may be it for the downside. I hope not, but it may...

Thanks

Originally posted by jimkane

137.25-137.75 and 140.00-140.60, and if it only reaches 1390 then 139.50, but this is an approximation.

That's what I wonder, too, rat. But beyond the lunacy of all that, my biggest concern is all the people who have just some small amount of savings, fighting the dropping standard of living since around 1972 in real terms, and they are being forced by the Fed to seek yield in much riskier investments. Say they are retired or near retired. Imagine being 70 and having to put all your money in the stock market because real yields are now negative. The Fed is doing that on purpose, and admits such. Force people into the market when that is not an appropriate investment for them. This is sick and twisted.

And then along come the propaganda cheerleaders, from all the TV financial shows, to the endless analysts, to guys like Carl. If you are not part of the solution, you are part of the problem. His endless bullish drivel motivates a certain number of people to get long the market from an investment standpoint. He spews propaganda for the evildoers. And that is what I take issue with. Him and all the rest.